Securities Code: 300284
Securities Abbreviation: Su Kexi
Announcement No.: 2026-041
Su Kexi Group Co., Ltd.
Announcement on Signing a Major Daily Operations Contract
The Company and all members of the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed herein, and that there are no false records, misleading statements, or material omissions.
Special Notice:
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This contract is a conditional contract. Although signed, it has not yet taken effect and requires the issuance of a Presidential Decree or Cabinet Order from the Republic of Uzbekistan to become effective.
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This contract is for phased implementation. The entire project is planned to be constructed in 7 phases, with each phase requiring the fulfillment of commencement conditions before work can begin.
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The project has a long implementation period. During the contract execution, it may be affected by factors such as changes in relevant policies and regulations, macroeconomic conditions, and market environment, potentially leading to risks of schedule delays, changes, suspension, or termination, or uncertainty in achieving expected returns. Investors are advised to invest rationally, make prudent decisions, and be aware of investment risks.
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This contract is a daily operations contract for the Company. The provisional total contract amount is RMB 2.3 billion, accounting for 55.18% of the Company's audited operating revenue for 2025. The provisional contract price for the first phase of the project is RMB 280 million, accounting for 6.72% of the Company's audited operating revenue for 2025. The final contract amount will be determined by the sum of all approved sub-project prices, as confirmed by the parties through a supplementary agreement, following the issuance of a positive national expert review conclusion in accordance with the laws of the Republic of Uzbekistan for the project's design and budget.
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If this contract is successfully implemented and fully advanced, it will further expand the Company's overseas business footprint, solidify its global operational strategy, and effectively support the steady implementation of the Company's medium-to-long-term development strategy, with an expected positive impact on the Company's operating performance.
I. Contract Signing Details
Su Kexi Group Co., Ltd. (hereinafter referred to as the "Company"), and its holding subsidiary Jiangsu Yanning Engineering Technology Co., Ltd. (hereinafter referred to as "Yanning Engineering"), recently signed the "Tashkent City Road and Roadside Infrastructure Design, Construction, Reconstruction and Maintenance Project EPC+F Contract" with Joint Stock Company "Tashkent Invest Company" (hereinafter referred to as "Tashkent Invest Company") of the Republic of Uzbekistan. The total contract amount is provisionally set at RMB 2.3 billion, of which the provisional contract price for the first phase of the project is RMB 280 million.
The aforementioned contract is a daily operations contract for the Company. The Company has completed the internal approval procedures for signing the contract. This transaction does not constitute a related-party transaction or a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies," and does not require submission for review by the Company's Board of Directors or Shareholders' Meeting.
II. Introduction of the Counterparty
(I) Basic Information
Company Name: Joint Stock Company “Tashkent Invest Company”
Registered Address: 51, Islama Karimova Street, Chilanzar District, Tashkent, 100066, Republic of Uzbekistan.
Legal Representative: Shakirov Bahrom Askaralievich
Main Business: Industrial park development, infrastructure and urban renewal (roads, municipal, greening, residential, commercial complex development), investment and financing, and fund management (establishment of special industry funds, providing project financing and land support for foreign enterprises), government-enterprise cooperation (connecting foreign enterprises to establish businesses in Tashkent, providing one-stop services for local policies, land, and permits).
Relationship Disclosure: Tashkent Invest Company has no related-party relationship with the Company or its holding subsidiary Yanning Engineering.